4418 Eastridge Drive, ROCKFORD IL 61107 Photo 1 4418 Eastridge Drive, ROCKFORD IL 61107 Photo 2 4418 Eastridge Drive, ROCKFORD IL 61107 Photo 3 4418 Eastridge Drive, ROCKFORD IL 61107 Photo 4 4418 Eastridge Drive, ROCKFORD IL 61107 Photo 5
Listing Courtesy of Triton Realty Group Llc

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4418 Eastridge Drive - Multifamily real estate portfolio opportunity in the city of Rockford, Illinois. The subject properties of 4418 and 4424 Eastridge Drive and 167 and 177 Flintridge Drive are located four miles east of the downtown Rockford area, 1.1 miles west of Rockford University, and 0.5 miles north of the major retail corridor of East State Street. The unit mix for the 4418 Eastridge building consists of 12 one-bedroom/one-bathroom units that measure 700 square feet. The 4424 Eastridge building has a unit mix that consists of 16 one-bedroom/one-bathroom units that measure 700 square feet. Approximately 0.5 miles southeast, you will find the 167 and 177 Flintridge buildings that each consist of eight one-bedr oom/one-bathroom units that measure 675 square feetrespectively. This portfolio combines for a total of 44 multifamily units.

Listing information

  • MLS® ID: 10333624
  • Status: Active
  • New Construction: No
  • Lot Size: 0.69 ACRES
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $43,604
  • Year Built: 1979
  • Parking Type Description: None 0 cars
  • Lot Area: 0.69 Acres
  • County: Winnebago

Features

Air Conditioning Wall Sleeve
Approximate Age 36-50 Years
Built Before 1978 (Y/N) No
Construction Wood Frame
Electrical Service Circuit Breakers, Separate Meters
Exterior Building Type Frame
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Electric
Information 24-Hr Notice Required
Other # Of Dryers - 4, # Of Ranges - 44, # Of Refrigs - 44, # Of Units - 44, # Of Washers - 4, Electricity Expense - 4031, Expense Year - 2018, Fuel Expense - 0, Gross Rent Multiplier - 7.18, Gross Rental Income $ - 275220, Insurance Expense - 7200, Janitor Expense - 13293, Net Oper Income $ - 15859, Net Operating Income Year - 2018, Other Expenses - 21200, Repairs-Decor Expense - 6600, Scavenger Expense - 1834, Tax Year - 2018, Total Annual Exp - 107269, Total Annual Income - 265859, Total Monthly Income - 22935, Township - Rockford, Water Expense - 9507
Outdoor Parking 31-50 Spaces
Owners Assoc (Y/N) No
Property Type Multi Family 5+
Tenant Pays Air Conditioning, Electric, Heat
Type Multi-Family Garden Complex
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Triton Realty Group Llc